Use the following codes to answer questions 7-15. Current Assets CA Current Liabilities -CL Long...
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Accounting
Use the following codes to answer questions 7-15. Current Assets CA Current Liabilities -CL Long Term Liabilities - LTL Property, Plant & Equipment PPE Intangible Assets IA Stockholder's Equity SE State the section of the Balance sheet where the following accounts would be found and state if the account has a normal DEBIT or CREDIT Balance. Balance Sheet section Balance (DR/CR) Retained Earnings 8. Allowance for Uncollectable Accounts 9. Accumulated Depreciation 10. Treasury Stock 11. Goodwill 12. Notes Payable 13. Buildings 14. Sales Returns & Allowances 15. Preferred Stock
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